Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dave's Delicious Desserts, Inc. buys a refrigerated display case for its store from The Fridge Supply Co. Dave's pays by check made out to the order of the Fridge Supply Co. in the amount of $1000. The Fridge Supply CO. doesn't cash the check. Instead, it properly negotiates the check to The Fridge Supply's landlord in payment for this month's rent. The landlord deposits the check for payment at the bank but it is returned stamped "NSF", meaning Dave's Dessertes has insufficient funds in its account to cover the check. Daves did not have sufficient funds in its account to cover the check because it withdrew all its funds from its account when it found out the refrigerated display case was defective. (It would have been a lot smarter to put a stop payment order on the check, but that is beside the point) The landlord decides that its easier to sell Daves check at a small discount ($950) to Chuck's cCheck Collection rather t han try to recover the money from Dave's or The Fridge Supply Co. When he sells the check to Chuck's, the landlord tells Chuck's that the check has been dishonored due to insufficient funds in Daves account. Chuck then sues Daves seeking to collect on the check. Will Chuck be successful when it sues Dave's to collect on the check?
In this scenario, identify the correct match from the choices below
A) Holder in due course
B) Drawer
C) Transferee
Daves Delicious Desserts Inc.:
The Landlord:
Chucks Check Collection:
CVP Analysis- variation in sales - Calculate the amount of operating incomes (or loss) that you would expect each firm to report in 2009 if sales were to Increase by 20%
What kind of duty agent own to principle, What problem of agency in the case and explain the nature of the agency problem that exists in MegaMart,
Hobby expenses - Effect on A.G.I. C is a successful attorney and stock car racing enthusiast. This year she decided to quit watching the raaces and start participating. She purchased a car and entered several local races. Indicate the tax consequence..
Son Corporation is an 80 percent-owned subsidiary of Pin Corporation. In 2011, Son sold land that cost $15,000 to Pin for $25,000.
Abe draws a check for $100 on his checking account at First Bank payable to the order of Bill. Bill cleverly raises the check to $1000, indorses it, and negotiats it to Chen, Chen then presents the check for payment to First Bank, which oays her $1,0..
What challenges does the city face based on a review of the Management, Discussion, and Analysis and what are specific key performance metrics used to gauge performance of city services?
The bonds pay interest on June 30 and December 31 and mature on December 31, 2010. Both Wren and Schrub use straightline amortization. Wren uses the equity method of accounting for its investment in Schrub. Complete consolidated balance sheet work..
During 2009, HS opened a branch office in the metropolitan area 30 kms from its principal place of business. Although this branch is not yet profitable ( as a result of competition from several well-established banks), management believes it will ..
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities - Statement of cash flows-indirect method
What will be the difference between ending inventory valuation at December 31, 2009, and the cost of goods sold for 2009, under FIFO and LIFO cost-flow assumptions?
question 1on 1st january 2008 abc company borrowed 200000 from the bank. the loan is a 10-year note payable that needs
q1. richard company purchased a building on a tract of land and allocated the entire cost of the purchase to building.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd